Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.63B |
| 2 |
Apple
AAPL
|
+$1.62B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.18B |
| 4 |
Amazon
AMZN
|
+$978M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$769M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$509M |
| 2 |
Chevron
CVX
|
+$405M |
| 3 |
T-Mobile US
TMUS
|
+$339M |
| 4 |
lululemon athletica
LULU
|
+$302M |
| 5 |
ACC
American Campus Communities, Inc.
ACC
|
+$301M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.69% |
| 2 | Financials | 14.38% |
| 3 | Healthcare | 14.2% |
| 4 | Consumer Discretionary | 10.56% |
| 5 | Communication Services | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
Fulton Financial
FULT
$4.66B
| $23.1M | 0.01% |
1,597,028
-88,728
| -5% | -$1.37M |
|
1177
Vishay Intertechnology
VSH
$5.25B
| $22.9M | 0.01% |
1,285,899
-74,263
| -5% | -$1.41M |
|
|
ROIC
1178
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $22.8M | 0.01% |
1,447,082
+288,695
| +25% | +$5.15M |
|
|
DOO
1179
Bombardier Recreational Products
DOO
$4.54B
| $22.8M | 0.01% |
369,690
-12,350
| -3% | -$923K |
|
1180
Carter's
CRI
$1.42B
| $22.7M | 0.01% |
321,965
-38,448
| -11% | -$3.1M |
|
1181
Steven Madden
SHOO
$3.37B
| $22.6M | 0.01% |
703,110
+85,905
| +14% | +$3.26M |
|
1182
Moelis & Co
MC
$4.97B
| $22.6M | 0.01% |
573,818
-10,536
| -2% | -$460K |
|
1183
Dycom Industries
DY
$12B
| $22.6M | 0.01% |
242,603
-10,732
| -4% | -$956K |
|
1184
RLJ Lodging Trust
RLJ
$1.86B
| $22.4M | 0.01% |
2,032,149
+342,387
| +20% | +$4.47M |
|
1185
Portland General Electric
POR
$5.8B
| $22.3M | 0.01% |
461,044
-21,790
| -5% | -$1.08M |
|
1186
SL Green Realty
SLG
$3.76B
| $22.3M | 0.01% |
482,546
-174,382
| -27% | -$11.1M |
|
|
PRMW
1187
DELISTED
Primo Water Corporation
PRMW
| $22.2M | 0.01% |
1,662,071
| – | – |
|
1188
Moog Inc Class A
MOG.A
$12.4B
| $22.2M | 0.01% |
279,688
-25,522
| -8% | -$2.07M |
|
1189
Spire
SR
$4.72B
| $22.1M | 0.01% |
297,790
-108,824
| -27% | -$8.18M |
|
|
NUVA
1190
DELISTED
NuVasive, Inc.
NUVA
| $22.1M | 0.01% |
450,246
-50,847
| -10% | -$2.73M |
|
1191
Cogent Communications
CCOI
$676M
| $22.1M | 0.01% |
364,158
+7,180
| +2% | +$442K |
|
|
CSGS
1192
DELISTED
CSG Systems International
CSGS
| $22.1M | 0.01% |
370,681
-127,191
| -26% | -$7.71M |
|
1193
Rambus
RMBS
$9.87B
| $22.1M | 0.01% |
1,029,063
-60,414
| -6% | -$1.49M |
|
1194
Valaris
VAL
$5.48B
| $22.1M | 0.01% |
522,530
-181,665
| -26% | -$9.78M |
|
1195
Eastern Bankshares
EBC
$5.26B
| $22M | 0.01% |
1,193,666
-144,028
| -11% | -$2.79M |
|
1196
Insmed
INSM
$21.4B
| $22M | 0.01% |
1,117,295
-26,227
| -2% | -$550K |
|
1197
Affirm
AFRM
$23.9B
| $22M | 0.01% |
1,218,606
-178,303
| -13% | -$4.85M |
|
1198
Zai Lab
ZLAB
$2.06B
| $22M | 0.01% |
633,911
| – | – |
|
1199
LCI Industries
LCII
$2.49B
| $22M | 0.01% |
196,197
-11,189
| -5% | -$1.22M |
|
|
ESGR
1200
DELISTED
Enstar Group
ESGR
| $21.9M | 0.01% |
102,567
-8,795
| -8% | -$2.04M |
|
Similar funds
Norges Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Norges Bank held 2,232 positions worth $387B, down 16% from $459B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q2 2022 filing shows 70 new, 787 increased, 1,058 reduced and 180 closed positions. Its largest new stake was Bausch + Lomb: 3,234,219 shares worth $49.3M. The largest sale was AT&T, an estimated $509M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2022 buy was Bausch + Lomb: 3,234,219 shares worth $49.3M.
- Norges Bank added most to Microsoft in Q2 2022, an estimated $1.63B increase.
- Norges Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $509M.
- Norges Bank fully exited Cerner Corp in Q2 2022, selling an estimated $279M.
- Norges Bank's ten largest holdings make up 23% of its $387B portfolio in Q2 2022.
- Norges Bank opened 70 new positions and closed 180 in Q2 2022.
- Norges Bank's portfolio value fell 16% quarter-over-quarter to $387B.
Based on Norges Bank's 13F filing for Q2 2022, filed 11 Aug 2022.